H.R. 4067:
The Climate Stewardship Act of 2004, which would cap the GHG emissions of the electricity, manufacturing, commercial and transportation sectors of the economy (representing 85% of U.S. emissions) at their 2000 level by 2010. Emitters would be able to trade GHG emissions credits and get credit for pre-enactment GHG reductions, carbon sequestration, and international GHG reductions, up to a limit. The bill would also require periodic NOAA reports on the projected impacts of climate change on coastal communities and oceanic and coastal ecosystems, and would identify adaptation measures that might be used to protect these resources and to estimate the costs of the measures.